Wally World reported third-quarter earnings on Thursday, beating analysts' expectations on per-share earnings but falling short on total sales. The strong U.S. dollar and food price deflation weighed on results. Fed Chair Janet Yellen told lawmakers that an interest rate hike could come "relatively soon," reinforcing the chances of a December move. And, shareholders of Tesla and SolarCity (SCTY) approved their merger.
Beyond the headlines, there's plenty of other stories that might not have caught your eye. Take a look at some of the goings-on you may have missed in Wall Street news, deal making and investing.
Trump Likely to Reverse Course on AT&T/Tim Warner Deal
Choice of antitrust gurus picked to vet new regulators suggests tough comments on mergers were just talk. Full story
Tesoro Continues M&A Streak With $6.4 Billion Deal for Western Refining
The San Antonio, Texas-based independent refiner will scoop up its across-the-state competitor by exchanging $4.1 billion worth of its shares and picking up $1.7 billion worth of debt. Full story
Victoria's Secret Restructuring Weighs on L Brands Holiday Outlook
L Brands is expected to feel the pressure from Victoria's Secret's restructuring through the second half of next year. Full story
Valeant and Philidor Execs Face Fraud Charges
The U.S. Department of Justice is set to announce charges against Valeant Pharmaceuticals International, Inc. VRX executives for engaging in "a multi-million dollar fraud and kickback scheme." Full story
As Populism Surges in Europe, It's Time to Buy Euros
For foreign exchange investors with a relatively long-term view, it may be time to load up on euros. Full story
Why Disney's History Doesn't Point to a Blockbuster Deal for Netflix
Disney CEO Bob Iger says he wants greater control of distribution, but is Netflix really the answer? Full story
Mattel's Plus Size Barbie Steps Out, Sales Gains Expected
With the new supermodel Ashley Graham Barbie, Mattel expects continued growth with doll sales along with additional brands. Full story
Tweet of the Day
Video of the Day: Jim Cramer -- Brace for Multiple Rate Hikes in 2017
Jim Cramer says Federal Reserve chair Janet Yellen should be preparing investors for several rate hikes in 2017.
Chart of the Day: DryShips' Surge Will Blow Your Hair Back
DryShips exploded to the upside the other day, and if you weren't strapped in tight you were at risk of being injured by the dragster-like acceleration. Full story